Legal Question in Credit and Debt Law in Michigan
Am I legally obligated to pay a credit card from over 10 years ago. If the last time I had any correspondence from the company was over 8/30/2004. It is now 2/12/2014 and it has never been on any credit reports
Asked on 2/12/14, 12:37 pm
2 Answers from Attorneys
Tracy Gaudenzi
Torni Gaudenzi Law, PLLC
The Statute of Limitations is 6 years for breach of contract, which would involve credit cards. The issue becomes the last time you confirmed the debt (via telephone or correspondence) or made a payment.
That being said they can sue, but you have to raise the statute of limitations defense timely. If the matter defaults, then they can proceed with a judgment against you.
Answered on 2/12/14, 1:39 pm
Timothy Klisz
Klisz Law Office, PLLC
Yes, are you being sued? That is the key. If they sued you years ago and got a judgment, they can collect on it for up yo 10 years before renewing the judgment.
Answered on 2/12/14, 4:58 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
